Question
11.Clayfield Ltd has issued perpetual preference shares with a $100 par value. The company pays a quarterly dividend of $4.59 on this share. What is
11.Clayfield Ltd has issued perpetual preference shares with a $100 par value. The company pays a quarterly dividend of $4.59 on this share. What is the current price of this preference share given a required rate of return of 9.1 percent per annum? Select one: a. 302.64 b. 201.76 c. 50.44 d. 100.88
10.Which of the following is NOT correct? Select one: a. Building societies are supervised by APRA. b. Credit unions are not allowed to accept deposits from retail investors. c. Finance companies are not allowed to accept deposits. d. Finance companies are supervised by ASIC.
9.What action would the holder of a maturing call option take with an option which cost $3, had a strike price of $50 and the market value of the stock was $52? Select one: a. Request that the $3 be returned b. Exercise the option c. Let the option expire unexercised d. None of the choices mentioned.
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